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For anyone who has watched the Christmas classic, It’s a Wonderful Life, you’ll remember the famous scene - Jimmie Stewart’s beleaguered character “George Bailey” attempting to calm a growing crowd that has descended upon the bank demanding their money. He attempts to explain to the...
As commodity markets continue to sell off worldwide due to deteriorating global growth, many mainstream financial media outlets have been quick off the mark to highlight the ongoing “rout” in precious metals - with most of the mocking and jestful comments saved for the gold...
Two of the primary economic functions of “money” are...
The US dollar has been the world’s reserve currency for nearly fifty years. Dollars are in every bank around the world, making up almost two-thirds of all foreign bank reserves. And whether its oil, soybeans, or sugar, dollars are used to settle the majority of...
Last week I helped my 84 year-old father sort through his old coin collection. His modest collection is kept in two old cigar boxes, and judging from all the dust on them he hadn’t looked at them for decades. The bulk of these coins were originally...
